The Greedy Trader Weekly Analysis
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Costco Co.
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Summary:
Weekly :Overbought sectorBroken trend resistance lineBroken trend resistance line
Daily :Williams' Percentage Range is overboughtPrice is close to the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Costco Co. (COST). During the week, the COST gained 11.97 points, or 5.49%, and closed at 230.16 on Friday, November 02, 2018. Weekly volume was 12% above average.

COST is a member of Services Sector. Services is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See COST long-term trend chart]
A long-term uptrend had started on May 24, 2000 at 25.94 and reached 245.16 on September 11, 2018. COST gained -219.22 points, or -845.10%, in 954 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The uptrend resistance line (36.54) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See COST medium-term trend chart]
A medium-term uptrend had started on September 19, 2008 at 30.70 and reached 245.16 on September 11, 2018. COST gained -214.46 points, or -698.57%, in 520 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (171.62) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See COST weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 5, 2018. Use the following link to access a MACD help.

Short-term trend: [See COST short-term trend chart]
A short-term uptrend had started on October 26, 2018 at 217.00 and reached 232.23 on November 2, 2018. COST gained -15.23 points, or -7.02%, in 7 days. The price is now at the 13.59% retracement level.

Daily Technical Indicators: [See COST daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.34
Williams' Percentage Range (W%R) 15.90
Overbought
Lane's Stochastic (%D-Slow) 74.87
Greed/Fear Indicator (GFI) 72.44
Moving Average Converg./Diverg. (MACD) -1.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.38
Williams' Percentage Range (W%R) 37.60
Lane's Stochastic (%D-Slow) 35.46
Greed/Fear Indicator (GFI) 50.95
Moving Average Converg./Diverg. (MACD) 9.96
Trading Signals
Description Value Chart
Monthly Trendline Resistance 256.19
Upper Bollinger Band 234.15
50 Day Moving Average 231.10
Price 230.16
Daily Stochastic Crossing 229.79
20 Day Moving Average 226.09
Weekly Stochastic Crossing 225.85
Lower Bollinger Band 220.93
Parabolic System 220.72
Monthly Trendline Support 209.87
Quarterly Trendline Resistance 206.77
Sector and Industry
Description Name Rank
Sector Services 8
Industry Discount Variety Stores 137
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 217.00
Low Date 10/26/2018
High 232.23
High Date 11/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 245.16
High Date 09/11/2018
Low 217.00
Low Date 10/26/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 256.19
Support 209.87
Low 150.00
Low Date 07/21/2017
High 245.16
High Date 09/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 206.77
Support 171.62
Low 30.70
Low Date 09/19/2008
High 245.16
High Date 09/11/2018
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Broken Resistance
Resistance 122.92
Support 36.54
Low 25.94
Low Date 05/24/2000
High 245.16
High Date 09/11/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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